Investment Escalation in Foreign Subsidiaries: Expatriate Managers' Career Concern and Negative Framing
刊名: Academy of Strategic Management Journal, 2017, Vol.16 (2)
来源数据库: Allied Business Academies
关键词: Investment EscalationIncentive StructureNegative FramingMNC
原始语种摘要: Using agency theory and prospect theory, this paper examines the motivational and cognitive determinants of investment escalation by multinational corporation (MNC)’s foreign subsidiary expatriate managers. This paper posits that the impacts of career incentive structure and negative framing are moderated by the individual-level cultural values of decision makers. Unlike previous studies that focused on the agency costs incurred by locally hired agents, this paper provides new insights into the agency costs incurred by expatriates assigned by the home country headquarters. This paper also provides suggestions that future research can fill the gaps in the literature on agency problems in MNCs.
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关键词翻译
关键词翻译
  • agency 代办处
  • incentive 诱惑力
  • costs 费用
  • multinational 跨国
  • country 地方
  • subsidiary 辅助测量
  • prospect 预料
  • decision 决定
  • paper 
  • headquarters 司令部